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A legacy worth fighting for
Economic reform is transforming Nigeria, not least in the banking sector, but will the programme survive a change of government? Neil Tyler reports.
Taking the initiative
Chukwuma Soludo: expects debt ratio upgrade
Chukwuma Soludo, governor of the Central Bank of Nigeria, tells James Eedes of a bold plan to raise $1bn for his brainchild – the Africa Financing Corporation.
High hopes for a better future
Economic growth continues but so do political tensions. Much of Nigeria’s future depends on the outcome of the next presidential elections and the continuation of wide-ranging reforms, writes John McCarthy.
Capital advances
Over the past decade, a quiet revolution has occurred in the country’s capital market. John McCarthy reports.
Still on the road to better results
Bank consolidation continues and capital adequacy has improved but what is needed in the sector is a new culture that will attract new customers to boost the bottom line. Nick Kochan reports.
Message received
Nigerian banks are beginning to realise that they can build their customer bases and raise efficiency by participating in mobile banking, says Wendy Atkins.
Retail jump-start
Cecilia Ibru: Oceanic Bank International
Nigeria’s retail environment is developing fast, says Nick Kochan, but further growth is hampered by the absence of a credit checking system and a national ID card.
African blueprint
Aigboje Aig-Imoukhuede, CEO of Access Bank, tells The Banker of his plans for a top five Nigerian listing by 2010 and his vision of establishing a pan-African presence.
Small money
The government is taking steps to address the lack of funding available to micro, small and medium-sized businesses. John McCarthy reports.
Fuel injection
High prices and new finds mean Nigeria’s dependence on hydrocarbon exports will go on, albeit with a greater emphasis on in-house refining. John McCarthy reports.
Same song sheet
Banking consolidation has given Nigerian banks the headache of integrating a variety of disparate technological systems onto single platforms. Nick Kochan reports.
Fast train
Nigerian banks know that expanding branch networks and introducing new technology requires a skilled workforce. Nick Kochan reports on staff training efforts.
